by Nehad Kenanie | Mar 10, 2017 | Financial Results, UK, Uncategorised
(10 March 2017 – United Kingdom) The Co-operative Bank has reported an annual loss of £477 million (A$769 million) in 2016 as it continued to be hit by “legacy issues” of the past and rock-bottom interest rates. The latest results are an improvement on 2015, when the...
by Nehad Kenanie | Mar 9, 2017 | Asia, Payments, Singapore, Technology, Trade Finance, Uncategorised
(9 March 2017 – Singapore) The Monetary Authority of Singapore (MAS) has announced the successful conclusion of the proof-of-concept project to conduct domestic inter-bank payments using blockchain technology. The project, in partnership with R31 and a consortium of...
by Nehad Kenanie | Mar 8, 2017 | Executive Changes, New Zealand, Uncategorised
(8 March 2017 – New Zealand) ASB Bank has announced that Fairfax New Zealand’s managing director has been appointed as the new head of its Technology, Innovation and Payments division. The bank said Simon Tong will take on the new role. He departs the publishers less...
by Nehad Kenanie | Mar 8, 2017 | Australia, FinTech, Foreign Exchange, Global, Investment, Uncategorised
(8 March 2017 – Global) NAB Ventures has led a $US24 million ($31.6 million) funding round by foreign exchange (FX) payments group Veem, in a deal the bank believes will assist it in increasing its market share in international money transfers made by small business....
by Nehad Kenanie | Mar 8, 2017 | Asia, Executive Changes, Uncategorised
(8 March 2017 – Asia) Natixis has made two senior appointments in Asia further strengthening its Debt Capital Markets business in the region.The French firm said David So has been appointed Executive Director, Debt Capital Markets (DCM), Asia Pacific. Based in...
by Nehad Kenanie | Mar 8, 2017 | Italy, Payments, Technology, Uncategorised
(8 March 2017 – Italy) Apple Pay is “arriving” in Italy with support from Mastercard, Visa, Carrefour Banca, UniCredit and German payment processor Wirecard’s Boon service, Apple’s website says.A timeline for the launch has not been...
by Nehad Kenanie | Mar 7, 2017 | Australia, Regulatory & Government, Technology, Uncategorised
(7 March 2017 – Australia) Australia’s “big four” banks have agreed to allow open access to customer data following a parliamentary inquiry that recommended banks be forced to give access to customer data to help fintechs now pushing...
by Nehad Kenanie | Mar 7, 2017 | Australia, New Products, Technology, Trade Finance, Uncategorised
(7 March 2017 – Australia) ANZ Group has launched a new digital tool to help Australian businesses plan for international expansion with a one-stop-shop that provides data-driven insights to support export plans. ANZ Be Trade Ready offers businesses information...
by Nehad Kenanie | Mar 6, 2017 | India, Operations, Uncategorised
(6 March 2017 – India) HSBC is preparing to wrest market share in India as its multinational rivals shrink into their home markets. The UKbased lender is banking on its global network and relatively good capital position to increase exposure to large...
by Nehad Kenanie | Mar 6, 2017 | Europe, France, Operations, Transaction Banking, Uncategorised
(6 March 2017 – Europe) A senior executive at French bank BNP Paribas has said it would take over another cash management and trade finance business in Europe if the opportunity arose.Jacques Levet, head of transaction services for Europe, Middle East and Asia,...
